Shares of Fortinet Inc. (NASDAQ: FTNT), a provider of network security solutions, are soaring in trading today. At last check, FTNT shares were trading 20.83% higher at $23.38 on volume of 986,307. The stock rose to an intra-day high of $23.48 in trading earlier today.
Continue reading Major Movers on January 31; FTNT, JDSU, FIO
Shares of Yum! Brands Inc. (NYSE: YUM) slumped 4.58 percent, at last check. The parent company of brands such as KFC, Pizza Hut and Taco Bell said that its sales in China will fall more than expected. The Company said that same-store-sales in KFC stores will decline as the government reviewed country’s poultry supply. Meanwhile, Wall Street firms have slashed their rating on the stock. Jefferies cut its price target on stock by $2 to $$68, Susquehanna downwardly revised its price target to $65 from $69, and UBS slashed its Price target to $69 from $73 while S&P Capital lowered its price target by $1 to $78.
Continue reading Major Movers on January 8; YUM, MON, TLLP, FIO, GME, PERI, TISI
Shares of Fusion-io Inc. (NYSE: FIO) are soaring in early trading today after the provider of data-centric computing solutions forecast robust growth for next fiscal year, driven by high demand. The upbeat outlook from FIO also prompted at least four brokerages to raise their price target on the company’s stock.